Jurisdiction - China
China – Baker & McKenzie Advises Yanzhou Coal Mining Company on its USD1bn Notes Issue.

21 May, 2012



Baker & McKenzie’s securities team recently acted as US and Hong Kong counsel for Yanzhou Coal Mining Company Limited (“Yanzhou Coal”), a long standing client of the Firm, on its US$1 billion Notes issue. The Notes were issued by Yancoal International Resources Development Co., Limited, an indirect wholly owned Hong Kong-incorporated subsidiary of Yanzhou Coal, in two tranches –
US$450 million 4.461% guaranteed notes due 2017 and US$550 million 5.730% guaranteed notes due 2022. The Notes are listed on the Hong Kong Stock Exchange.
The net proceeds will be used for general corporate purposes, including repayment of indebtedness and financing of capital and other expenditures incurred in connection with Yanzhou Coal’s overseas mining operations.
The Baker & McKenzie team was led by securities partners, Brian Spires, based in Hong Kong and PH Chik, based in Beijing.
Deutsche Bank and UBS acted as the joint lead managers and joint bookrunners for the offering.
Yanzhou Coal is one of the primary coal producers in China with rapidly growing coal mining operations in China and Australia. Its main business includes mining, washing, processing and distribution of coal through railway transportation.
For further information, please contact:
Jamie Kar, Baker & McKenzie


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